Deere & Company (NYSE:DE) Shares Sold by Trueblood Wealth Management LLC

Trueblood Wealth Management LLC lowered its stake in shares of Deere & Company (NYSE:DE) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,282 shares of the industrial products company’s stock after selling 56 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Deere & Company were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DE. Edgestream Partners L.P. acquired a new stake in shares of Deere & Company during the second quarter worth $216,000. AE Wealth Management LLC lifted its stake in shares of Deere & Company by 35.0% in the 2nd quarter. AE Wealth Management LLC now owns 7,245 shares of the industrial products company’s stock worth $2,707,000 after acquiring an additional 1,877 shares during the period. Pacer Advisors Inc. increased its stake in shares of Deere & Company by 2.3% during the second quarter. Pacer Advisors Inc. now owns 18,573 shares of the industrial products company’s stock worth $6,939,000 after acquiring an additional 417 shares during the period. Thrivent Financial for Lutherans raised its holdings in Deere & Company by 5.9% during the second quarter. Thrivent Financial for Lutherans now owns 31,298 shares of the industrial products company’s stock worth $11,694,000 after purchasing an additional 1,740 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in Deere & Company by 6.0% during the second quarter. ProShare Advisors LLC now owns 36,191 shares of the industrial products company’s stock worth $13,522,000 after purchasing an additional 2,034 shares in the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

Deere & Company Trading Up 4.0 %

NYSE DE opened at $456.57 on Monday. The company has a 50-day moving average of $431.48 and a 200-day moving average of $402.25. The company has a debt-to-equity ratio of 1.89, a current ratio of 2.09 and a quick ratio of 1.90. Deere & Company has a 12 month low of $340.20 and a 12 month high of $469.39. The company has a market cap of $124.35 billion, a P/E ratio of 17.83, a P/E/G ratio of 1.74 and a beta of 0.98.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue for the quarter was down 32.8% on a year-over-year basis. During the same quarter last year, the business earned $8.26 EPS. As a group, equities analysts predict that Deere & Company will post 19.57 earnings per share for the current year.

Deere & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st will be issued a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DE shares. Barclays boosted their target price on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a research report on Friday, December 6th. Truist Financial increased their price target on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, December 19th. UBS Group boosted their price objective on shares of Deere & Company from $404.00 to $462.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, Citigroup reduced their price target on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $442.83.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.